More about reverse mortgages
Continued from last week on reverse mortgages - I hope everyone had a very Happy Valentines Day. When to use a reverse mortgage In the following situations, a reverse mortgage can make sense: — You are facing foreclosure. In this circumstance, it’s nearly impossible to get a traditional home-equity loan, and selling your house outright might mean owing more than you get from the sale. A reverse mortgage can possible save you from losing your house if you have significant equity built up. You can never be foreclosed on or be forced to vacate your home because you “missed a mortgage payment.” — You plan to stay in your home for five years or more. If you sell the house before then and pay back the reverse mortgage loan, then the cost of the loan will seem significant compared to the benefit . If you keep the loan for a long time, you spread the up-front costs for many years. — You want to buy a new home but would be forced to use all of your savings to do it.
» Full StoryStaging your home for a quick sale
I wrote about home improvement tips a few weeks ago that would help you get the best price possible for your home.
» Full StoryDirectors and Officers Liability Insurance protects association officers
Q: I have been concerned about my husband’s exposure to a lawsuit because of his position on the board of our condo association. I’ve suggested some things to be vigilant about and now I have heard of Directors and Officers Liability Insuranc.
» Full StoryIs it time yet?
By Jean Shields
Garden Club of Cape Coral
Are we there yet ?
No, not there just yet, but very close to the end of our especially cold and blustery winter months.
The reverse mortgage boom
Q: Mr. Jeffries, I have read several of your columns about REVERSE MORTGAGES. We are in our late 70s and would like to live better than we do now— our savings and stock accounts are almost depleted.
» Full StorySo you want to be a real estate agent
Some days I ask myself why I am in this business. Other days I couldn’t imagine doing anything else. But for those whom are considering a real estate career, there are some caveats you should concern yourself with prior to jumping into this business.
» Full Story




